Inflation and Kevin Warsh take center stage at the Federal Reserve’s interest rate meeting | Metals Mine

  • Inflation and Kevin Warsh take center stage at the Federal Reserve’s interest rate meeting

    From nbcnews.com

    Rising inflation and new Federal Reserve chairman Kevin Warsh will take center stage on Wednesday when the central bank meets to decide on the path forward for interest rates. The meeting comes just days after the U.S. and Iran said they had reached a peace deal, which has not been signed yet. Still, the falling oil prices will likely ease some pressure on Warsh at his first Federal Open Market Committee as chairman. Oil prices remain higher by 30% since the start of the year, and traders still expect Warsh and the committee will raise rates by December to blunt rising inflation. Wholesale business inflation ... (full story)

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